It’s a tale of two billionaire brothers having very different experiences in the telco space. Reliance Jio is flying high, its quarterly report implies Reliance Communications is dying a slow and painful death.

Following the Indian Supreme Court lifting its initial embargo on publishing results, Idea Cellular has emerged as the biggest bidder in the country’s latest 2G and 3G spectrum auction. After 19 days and 115 rounds of bidding, the Indian government managed to haul in a nice lot of cash at a record total of INR1.1 trillion ($17.5 billion).

Indian operators Bharti Airtel and Reliance Jio have announced an infrastructure sharing agreement. The two will share their inter and intra city fibre networks, submarine cable networks, towers and internet broadband services. They added that they will also look for other such opportunities to share assets in the future.

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